OPEN-SOURCE SCRIPT
Early/Delayed Signal Function
Updated
Early/Delayed Signal Function (before the bar close or after)
Usually, signals are considered to be valid at the bar close.
Some traders may prefer to have a chance to enter earlier.
It is of great risk, and the Strategy Tester is unable to provide consistent backtest data with regards to this.
But for those who want to integrate such a choice in their strategies, here is the Early Signal Function.
The function takes 2 parameters
- the signal that is considered valid at the bar close, of type bool
- the early time value in seconds, the time before the signal is valid, of type int
it returns a value of type bool - a New Entry Signal
The resulting conditions used for alerts would be:
- newLongCondition = earlySignal_f(myLongSignal, earlyTime)
- newShrtCondition = earlySignal_f(myShrtSignal, earlyTime)
Note: the signals can also be delayed - use a negative value for early time
Usually, signals are considered to be valid at the bar close.
Some traders may prefer to have a chance to enter earlier.
It is of great risk, and the Strategy Tester is unable to provide consistent backtest data with regards to this.
But for those who want to integrate such a choice in their strategies, here is the Early Signal Function.
The function takes 2 parameters
- the signal that is considered valid at the bar close, of type bool
- the early time value in seconds, the time before the signal is valid, of type int
it returns a value of type bool - a New Entry Signal
The resulting conditions used for alerts would be:
- newLongCondition = earlySignal_f(myLongSignal, earlyTime)
- newShrtCondition = earlySignal_f(myShrtSignal, earlyTime)
Note: the signals can also be delayed - use a negative value for early time
Release Notes
improved the early alert function,using the new built-in function for alerts, that works in both strategy() & study() scripts
Release Notes
test long alertRelease Notes
fix: now it is possible to delay the signals, use a negative value in seconds
Join the Discord Server for more info about the published tools.
discord.io/CryptoWorld
a Discord bot for Charting (TradingView and Heatmaps) is available
🟣 If you like any of my Invite-Only Tools, let me know
(DM or Discord for inquiries)
discord.io/CryptoWorld
a Discord bot for Charting (TradingView and Heatmaps) is available
🟣 If you like any of my Invite-Only Tools, let me know
(DM or Discord for inquiries)
Open-source script
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.